Study Shows Perks, Not Pay is Key to Attracting Talented Workers

A key issue staring companies directly in the eye is the ability to acquire and retain highly qualified workers. This is especially true in the coming years as a main chunk of the workforce, the baby boomer generation, transitions into retirement. As the baby boomers trade the day-to-day job in for their first Buick, they leave behind many job roles and responsibilities that Human Resources departments must backfill.

Deloitte LLP conducted a survey amongst technology and telecommunications workers to help figure out what keys points recruiters and HR should focus on in attracting and retaining talented workers. Outside observers might jump to conclusions and quickly say more money is required. However, the study shows that flexible working schedules and flexible working environments are more persuasive that financial compensation.

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This should come to no surprise to many web workers. Being able to work partially or fully from home is a valuable benefit that we enjoy. When it’s appropriate for an individual’s job role, it is in a companies’ best interest to be accommodating to worker’s needs. For example, if I have a doctor’s appointment to schedule, I know with my employer will allow me to work flexible hours. Therefore, I’ll schedule the appointment for 4:00 (late in the afternoon) and go into work an hour early to make up the time. Otherwise, I’d have to take an hour of paid leave for an activity that wasn’t nearly as fun as a vacation.

Other benefits arise from allowing employees to work from home. If an employee is granted the ability to work from home just one day a week, their fuel consumption is cut by 20% instantly. Plus the employee doesn’t have to drive to/from work, giving them more time for personal tasks and increasing their overall happiness with the company they work for.

Offering flexible work environments and hours is an advantageous ways for corporations to extend a benefit to employees in a no-cost manner.

What are your thoughts? Are there any business managers who have thoughts for or against flexible schedules/work environments?